Forex Trend Analysis Report
Prepared for you on Tuesday, October 17, 2017.
Malawian Kwacha/South African Rand (FOREX:MWKZAR)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for MWKZAR
The long term trend has been UP since Sep 28th, 2017 at 0.018755
The intermediate term trend has been UP since Sep 18th, 2017 at 0.018225
The short term trend has been DOWN since Oct 11th, 2017 at 0.018775
Smart Scan Analysis for MWKZAR
Based on a pre-defined weighted trend formula for chart analysis, MWKZAR scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).